AUDUSD | New perspective

The U.S. dollar appears to be handing back some of its gains as buying traction was predominant during the course of last week's trading session.
It is also worth noting here that the Dollar Index, which tracks the Greenback against a basket of major currencies fell by 0.1% to suggest the possibility of a retracement in the nearest future. Will the breakout of the $0.66300 turn out to be bullish for the new week?

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You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Past performance is not necessarily indicative of future results.

Trade active:

Still monitoring price action as the week started on a bearish tone

Good morning

Trade active:

UPDATE
Buying pressure above neckline

Good morning

Trade active:

Buying pressure persist

Trade active:

UPDATE

70 pips in profit; securing position

Trade active:

UPDATE
Price action presents another opportunity to add a position to the existing trade

Good morning

Trade active:

Price continue to move as projected. Breakout/retest of the $0.64900 welcomes another opportunity to add one more position.

Trade active:

Move stop-loss accordingly to protect the current position against sudden reversal as we begin to notice buying traction for the US Dollar.

Trade active:

Update coming soon

Good morning

Trade active:

Update coming soon

Good morning

Trade closed: stop reached:

Stop loss hit on the third position and above the $0.64900 level is looking promising to buy the Aussie.

Trade active:

Stopped out with a total of 100pips profit as price action is caught within a channel 0.64900 and 0.64400. From here, we need to remain patient for signals in the form of a breakout or breakdown of this channel to join the potential rally or decline.

Good morning

Trade active:

UPDATE

We have a signal

Trade active:

Securing the current position as we continue to monitor price action

Trade active:

40pips in profit, secure position

Trade active:

UPDATE

Trade active:

Time to add position below the 0.64000 level

Trade active:

UPDATE

Sellers struggle as participants in the market anticipate the RBA interest decision and a handful of high-impact events coming up in a couple of days (screenshot on the chart). Selling pressure below the 0.64000 level still remains a positive sign for us.

Trade active:

Are we ready for the second wave of the bullish momentum that started last week? Following the reversal pattern, the breakout/retest of the $0.64250 level looks promising to buy the Aussie.

Happy New Month!